Which of the following is used during the Project Cost Management Knowledge Area to monitor and control project costs? I
1 Each of the following is an element of the cost management plan except which one?
Level of accuracy
Reporting formats
Units of measure
Cost aggregation method
2 Which of the following is used during the Project Cost Management Knowledge Area to monitor and control project costs? It is used to calculate earned value performance measures and consists of factors such as actual cost, schedule, and scope.
Control account
Code of accounts
Chart of accounts
Control thresholds
3 All of the following are true regarding the Determine Budget process except:
It assigns cost estimates to the project activities.
The cost baseline plots the sum of estimated costs in a linear graph.
Estimates in the cost baseline are used to measure variances and performance later in the project.
The cost baseline, once established, is the expected cost for the project.
4 This tool and technique of Estimate Costs generally provides the most accurate estimate.
Analogous estimating
Bottom-up estimating
Three-point estimating
Parametric estimating
5 This cost estimating technique is a form of expert judgment and is one of the least accurate cost estimating techniques.
Analogous estimating
Bottom-up estimating
Parametric estimating
Three-point estimating
6 Which of the following lists the correct outputs of the Estimate Cost process?
Cost estimates, cost management plan, organizational process assets updates
Cost estimates, reserve analysis, cost management plan
Cost estimates, basis of estimates, project documents updates
Cost estimates, reserve analysis, project documents updates
7 The difference between the funding requirements and the cost performance baseline at the end of the project is known as which of the following?
Cost threshold
Contingency reserve
Cost aggregation
Management reserve
8 During the Planning process on your recent project, you met with a group of fourteen important stakeholders to determine information needs including the purpose for the communication, frequency of communication, and format and method of transmission. Which of the following is true?
This information is documented in the stakeholder communication plan, which is an output of the Plan Communications process. There are 98 lines of communication.
This information is documented in the communications management plan, which is an output of the Plan Communications process. There are 112 lines of communication.
This information is documented in the communications management plan, which is an output of the Plan Communications process. There are 105 lines of communication.
This information is documented in the stakeholder communication plan, which is an output of the Plan Communications process. There are 120 lines of communication.
9 Your team has 7 members including yourself. How many lines of communication are there among the members?
7
14
21
27
10 Cost estimating techniques are not useful when using this type of life cycle approach. You need high-level, quick estimates due to the changing nature of the requirements.
Predictive
Agile
Hybrid
Waterfall
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
